How the re-election of Aleksandr Lukashenko will influence crypto?

The so called “fight” between president Alexander Lukashenko and Svetlana Tikhanovskaya arises a lot of question about the future of cryptocurrencies in the country.

The presidential elections have caused the wave of protests; but possible re-election of Lukashenko may be good for crypto industry in the country.

Lukashenko is sure to win against Svetlana Tikhanovskaya with  more than   80% advantage on Aug. 9. Though there are the suggestions about numerous falsifications of votes

Last from European dictators

The president has been at his post since 1994. Since that time he has made a lot of statements related to blockchain technologies such as crypto and ICO legalization in December2017.

In an April 2019 has made passionate interview about launching of nuclear power plant for mining BTC and their further sales

Crypto legalization

Despite the fact that Belarus has not been the pioneer in the sphere of crypto and blockchain the country has introduced some positive steps in this sphere.

In March, the government officials did their best to protect crypto from criminals, while the Central bank has implemented the program allowing commercial and state banks to introduce tokens and act as crypto exchanges.

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